Trump bought Nvidia, Boeing, and Microsoft in flurry of transactions
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In the first quarter of 2026, US President Trump bought as much as US$5 million each in companies including Nvidia, Oracle and more.
PHOTO: EPA
WASHINGTON - US President Donald Trump’s latest financial disclosures show that he made a slew of stock and bond purchases with major American companies in the first quarter of 2026, totalling in the tens of millions of dollars and possibly more.
The transactions, spelt out in a pair of documents filed with the US Office of Government Ethics that total more than 100 pages, list purchases and sales in broad ranges.
In the first quarter, Mr Trump bought as much as US$5 million (S$6.4 million) each in companies including Nvidia, Oracle, Microsoft, Boeing, and Costco Wholesale, according to the documents posted on May 14.
It is not clear how many of the transactions involve equities.
Unlike transaction reports that members of Congress file, Mr Trump does not have to specify the class of the asset he is trading.
The President has made a number of policy moves that intersect with publicly traded companies, including Nvidia, whose chips, critical to AI development, require US government approval for foreign sales.
Executives from Nvidia and Boeing are part of a US delegation of business leaders who have accompanied Mr Trump on a trip this week to China.
Six of Mr Trump’s trades involved Intel; his administration hammered out an agreement to take a 10 per cent stake for nearly US$9 billion in the iconic chipmaker in August.
Netflix and Paramount Skydance battled to acquire Warner Bros Discovery in a months-long fight, with both suitors raising potential antitrust concerns.
Mr Trump made investments related to all three companies.
He bought a modest stake in Warner Bros in March, worth at least US$30,000, a stake in Paramount Skydance worth at least US$15,000 the same month and had 19 transactions naming Netflix, including sales worth as little as US$1,000 and as much as US$5 million during the first quarter.
The White House has said that neither Mr Trump nor his family members are making investment decisions for him.
Independent financial managers bought and sold assets for him using programmes that replicate recognised indexes when making investments, it has said.
The biggest sales came on Feb 10, when Mr Trump unloaded holdings in three tech firms: Microsoft, Meta Platforms and Amazon.com, in amounts between US$5 million and US$25 million.
He also sold a stake in a Vanguard exchange-traded fund in January worth at least US$5 million.
Unlike his predecessors, Mr Trump did not divest or move his assets into a blind trust with an independent overseer.
His sprawling business empire is managed by two of his sons and operates in several areas that intersect with presidential policy. BLOOMBERG
